New Delhi . Prime Minister Narendra Modi will reach the Russian city of Kazan to participate in the 16th BRICS summit. During this, Modi can talk to Vladimir Putin on the $ 6.5 billion Vande Bharat Rail Project. According to sources, this project has been stuck for a long time. Due to regulatory and technical issues, Russian company Transmashholding (TMH) is not able to manufacture Vande Bharat trains. This time Russia will raise this issue prominently with the Indian Prime Minister. PM Modi will meet President Vladimir Putin on Tuesday. Earlier in July, annual bilateral talks were held between the two leaders. In September, Putin had said that the meeting with PM Modi would be important for the existing projects. Let us tell you that Russian company TMH is working on this project in collaboration with government company Rail Vikas Nigam Limited (RVNL). The issue was also raised during PM Modi’s visit to Moscow in July. Prime Minister Narendra Modi is going to Russia to participate in the BRICS summit to be held in Kazan on 22 and 23 October on the invitation of Vladimir Putin.
200 Vande Bharat trains were to be constructed
Under this project, 200 Vande Bharat trains were to be manufactured. The cost of one train was around Rs 120 crore. After this the government reduced the project to only 120 trains and reduced the project to Rs 36 thousand crores. The consortium of RVNL and TMH started facing problems after winning the tender of Rs 58000 in March 2023. When an appeal was made to restructure the shareholding in the consortium, the government did not approve it.
The project is stuck due to these reasons
RVNL held 25 percent shares in Kinect Railway Solutions. Apart from this, the shares of other two Russian companies were 70 and five percent. The Russian company asked the government to exchange the shareholdings of MWM and LES. RVNL’s stake will also not be affected by this. However, the government has not yet given permission for this. He said, the government wants to further reduce the number of trains and increase coaches in each train. There is a plan to increase coaches from 16 to 24. In such a situation, due to these obstacles the Vande Bharat project is stuck.